| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 50th | Fair |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10850 Jamacha Blvd, Spring Valley, CA, 91978, US |
| Region / Metro | Spring Valley |
| Year of Construction | 1985 |
| Units | 116 |
| Transaction Date | 2021-08-24 |
| Transaction Price | $29,085,500 |
| Buyer | 10850 JAMACHA CA LP |
| Seller | 623 CALAVO WOODS LLC |
10850 Jamacha Blvd Spring Valley Multifamily Investment
This 116-unit property built in 1985 benefits from neighborhood-level occupancy of 96% and strong income growth dynamics. CRE market data from WDSuite indicates the Spring Valley location offers rental demand stability with median household incomes exceeding $128,000.
Spring Valley presents a stable inner suburban rental market with neighborhood-level occupancy at 96%, ranking above metro median among 621 San Diego area neighborhoods. The area maintains a solid rental housing base with 44% of housing units occupied by renters, supporting consistent multifamily demand. Median contract rents of $2,125 reflect the neighborhood's positioning in the broader San Diego rental market.
Demographics within a 3-mile radius show household income growth momentum, with median household income reaching $104,153 and mean income at $133,729. The area's income profile supports rental affordability, with current rent-to-income ratios indicating manageable housing costs for area residents. Population projections suggest modest demographic shifts ahead, with household formation patterns expected to evolve through 2028.
The property's 1985 construction year positions it within the neighborhood's average building vintage, suggesting alignment with local housing stock characteristics. This vintage may present value-add renovation opportunities for investors seeking to enhance unit appeal and rental premiums. The neighborhood's housing stock reflects typical suburban development patterns of the era.
Amenity density shows mixed availability, with restaurant access above metro averages but limited grocery and pharmacy options within immediate proximity. School ratings average 2.0 out of 5, which may influence family tenant demographics and retention patterns. The area's suburban character provides a residential environment distinct from higher-density urban alternatives.
Property crime rates in the neighborhood show elevated levels compared to national benchmarks, with property offense rates ranking in the lower quartiles nationally. Recent trends indicate an 11.7% increase in property crime over the past year, suggesting investors should factor security considerations into operational planning.
Violent crime rates remain more moderate relative to property crime, with the neighborhood ranking around the middle range among San Diego area neighborhoods. While crime trends require monitoring, the area's suburban character and residential density may provide natural security benefits compared to higher-density urban environments.
The Spring Valley area benefits from proximity to major San Diego employers, with energy and technology companies providing workforce housing demand drivers within reasonable commuting distance.
- Sempra Energy — energy services (11.6 miles)
- Sempra Energy — energy services headquarters (11.9 miles) — HQ
- L-3 Telemetry & RF Products — defense & technology (12.0 miles)
- Qualcomm — technology headquarters (17.8 miles) — HQ
This 116-unit Spring Valley property offers multifamily investment fundamentals anchored by neighborhood occupancy stability at 96% and strong area income demographics. The 1985 construction year presents potential value-add opportunities through strategic renovations and unit upgrades, while the suburban location provides access to San Diego's employment centers including major technology and energy employers. According to multifamily property research from WDSuite, the area's rental demand benefits from household income levels well above national medians and moderate rent-to-income ratios.
Demographic projections within the 3-mile radius indicate continued household formation and income growth potential through 2028, supporting long-term rental demand stability. The property's positioning in an established residential area with 44% renter-occupied housing units suggests consistent tenant pool depth. However, investors should consider the area's limited amenity density and elevated property crime trends when evaluating operational strategies and tenant retention approaches.
- Strong neighborhood occupancy at 96% with established rental housing base
- Above-average household incomes supporting rental affordability and stability
- Value-add potential through 1985 vintage property improvements
- Proximity to major San Diego employers including Qualcomm and Sempra Energy
- Risk consideration: elevated property crime rates require security planning